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ERSOT

Employees Retirement System of Texas Portfolio holdings

AUM $11.4B
1-Year Est. Return 21.6%
This Fund
S&P 500
This Quarter Est. Return
+6.96%
1 Year Est. Return
+21.6%
3 Year Est. Return
+92.23%
5 Year Est. Return
+130.52%
10 Year Est. Return
+498.15%
AUM
$12.5B
AUM Growth
+$223M
Cap. Flow
-$402M
Cap. Flow %
-3.21%
Top 10 Hldgs %
44.43%
Holding
604
New
81
Increased
124
Reduced
123
Closed
97

Top Buys

Rank Stock Value
1
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$95.6M
2
MDT icon
Medtronic
MDT
+$75.2M
3
HUBS icon
HubSpot
HUBS
+$70.8M
4
GEHC icon
GE HealthCare
GEHC
+$51.8M
5
XLY icon
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
+$44.9M

Top Sells

Rank Stock Value
1
BKNG icon
Booking.com
BKNG
+$85.9M
2
PG icon
Procter & Gamble
PG
+$83.3M
3
PLD icon
Prologis
PLD
+$69.9M
4
MU icon
Micron Technology
MU
+$62.1M
5
SBAC icon
SBA Communications
SBAC
+$53M

Sector Composition

Rank Sector Weight
1 Technology 26.14%
2 Financials 10.94%
3 Consumer Discretionary 8.94%
4 Communication Services 8.6%
5 Healthcare 7.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VGIT icon
1
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.6B
– –
0
– –
NVDA icon
2
NVIDIA
NVDA
$5.3T
$695M 5.55%
3,725,494
-42,635
-1% -$7.43M
MSFT icon
3
Microsoft
MSFT
$3.71T
$665M 5.31%
1,283,570
+4,056
+0.3% +$2.07M
AAPL icon
4
Apple
AAPL
$4.56T
$621M 4.96%
2,439,273
+24,759
+1% +$5.59M
HYLB icon
5
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.47B
– –
0
– –
AMZN icon
6
Amazon
AMZN
$2.94T
$402M 3.21%
1,829,338
+66,361
+4% +$15M
VEA icon
7
Vanguard FTSE Developed Markets ETF
VEA
$234B
$401M 3.2%
6,687,831
– –
META icon
8
Meta Platforms (Facebook)
META
$1.5T
$316M 2.53%
430,751
-4,987
-1% -$3.71M
GOOG icon
9
Alphabet (Google) Class C
GOOG
$4.36T
$300M 2.4%
1,231,120
-57,200
-4% -$12M
AVGO icon
10
Broadcom
AVGO
$2T
$255M 2.04%
774,432
-48,598
-6% -$14.9M
MA icon
11
Mastercard
MA
$505B
$221M 1.76%
388,055
+58,563
+18% +$33.6M
TSLA icon
12
Tesla
TSLA
$1.26T
$181M 1.45%
406,756
-3,600
-0.9% -$1.25M
JPM icon
13
JPMorgan Chase
JPM
$947B
$174M 1.39%
550,700
-63,900
-10% -$19M
LLY icon
14
Eli Lilly
LLY
$1.06T
$141M 1.13%
185,300
-16,000
-8% -$11.9M
NFLX icon
15
Netflix
NFLX
$307B
$138M 1.1%
1,148,890
-44,660
-4% -$5.45M
XOM icon
16
ExxonMobil
XOM
$642B
$135M 1.08%
1,197,908
+74,695
+7% +$8.3M
BAC icon
17
Bank of America
BAC
$441B
$132M 1.06%
2,562,521
+256,188
+11% +$12.5M
WMT icon
18
Walmart Inc
WMT
$892B
$118M 0.94%
1,143,800
-64,600
-5% -$6.43M
HD icon
19
Home Depot
HD
$349B
$114M 0.91%
280,162
+55,211
+25% +$21.7M
GOOGL icon
20
Alphabet (Google) Class A
GOOGL
$4.38T
$112M 0.89%
460,072
-34,026
-7% -$7.13M
UBER icon
21
Uber
UBER
$143B
$112M 0.89%
1,138,952
+119,244
+12% +$11.2M
PANW icon
22
Palo Alto Networks
PANW
$293B
$109M 0.87%
534,256
-208,989
-28% -$40M
KO icon
23
Coca-Cola
KO
$374B
$107M 0.86%
1,615,982
-119,967
-7% -$8.26M
PH icon
24
Parker-Hannifin
PH
$135B
$103M 0.82%
135,536
-18,133
-12% -$13.4M
BA icon
25
Boeing
BA
$184B
$102M 0.81%
472,601
+57,155
+14% +$12.9M
1
2 3 4 5

Similar funds

SoftBank Group
SoftBank Group Tokyo, Japan $11.4B AUM 27.91% 1-Year Est. Return
DWM
Dynasty Wealth Management St. Petersburg, Florida $11.5B AUM 15.23% 1-Year Est. Return
VLKIM
Van Lanschot Kempen Investment Management Amsterdam, Netherlands $11.4B AUM 16.77% 1-Year Est. Return
GKIM
GW&K Investment Management Boston, Massachusetts $11.3B AUM 31.98% 1-Year Est. Return
MIFH
Migdal Insurance & Financial Holdings Petach Tikva, Israel $11.5B AUM 52.5% 1-Year Est. Return
BHCM
Brevan Howard Capital Management St. Helier, Jersey $11.3B AUM 35.84% 1-Year Est. Return
DCP
D1 Capital Partners New York $11.2B AUM 15.78% 1-Year Est. Return
GIM
Generation Investment Management London, United Kingdom $11.2B AUM 0.58% 1-Year Est. Return

Employees Retirement System of Texas's Q3 2025 Portfolio in Review

As of Q3 2025, Employees Retirement System of Texas held 604 positions worth $12.5B, up 1.8% from $12.3B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Employees Retirement System of Texas withdrew a net $402M in Q3 2025, closing 97 positions and reducing 123 holdings. Its most notable exit was Micron Technology, an estimated $62.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Employees Retirement System of Texas opened a new position in State Street Industrial Select Sector SPDR ETF worth $97.3M.

  • Employees Retirement System of Texas's largest Q3 2025 buy was State Street Industrial Select Sector SPDR ETF: 631,000 shares worth $97.3M.
  • Employees Retirement System of Texas added most to Medtronic in Q3 2025, an estimated $75.2M increase.
  • Employees Retirement System of Texas's biggest Q3 2025 reduction was Booking.com, cutting an estimated $85.9M.
  • Employees Retirement System of Texas fully exited Micron Technology in Q3 2025, selling an estimated $62.1M.
  • Employees Retirement System of Texas's ten largest holdings make up 44% of its $12.5B portfolio in Q3 2025.
  • Employees Retirement System of Texas opened 81 new positions and closed 97 in Q3 2025.
  • Employees Retirement System of Texas's portfolio value rose 1.8% quarter-over-quarter to $12.5B.

Based on Employees Retirement System of Texas's 13F filing for Q3 2025, filed 13 Nov 2025.